Homestead Plaza

For Sale

8127 Kennedy Avenue, Highland, IN 46322

This Highland property for sale is located at 8127 Kennedy Avenue. The current listed sale price for Homestead Plaza is $2,600,000. Homestead Plaza is situated on a lot that is 4.19 acre in size.

Contacts

broker

Brett McDermott

Latitude Commercial

(219) 864-0200

Property Details

  • Property Type Retail - Strip
  • Property Size 30,809 SF
  • Units 10
  • Lot Size 4.19 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1958
  • Date Updated Mar 28, 2024
Located on Kennedy Avenue just south of 80-94 in Highland, Indiana. Highland is a town in Lake County, Indiana. The population was 23,727 at the 2010 census. The town was incorporated on April 4, 1910. It is a part of the Chicago metropolitan area and North Township, and is surrounded by Hammond to the north, Munster to the west, Schererville to the south and Griffith to the east.Homestead Plaza now available for sale in Highland, IN. The subject property is located directly on Kennedy Avenue, just south of 80-94 and less than 30 miles from downtown Chicago. It is located next to Plaza Lanes which has been a cornerstone of the community since 1960. The property contains 30,809 SF and provides an investor a great opportunity to purchase a 100% leased asset with a strong mix of medical and retail tenants. The subject is anchored by Humane Indiana and a mix of local hospital systems. The asset offers a wide range of SF sizes to accommodate many different users. This property also provides an investor the opportunity to raise rents as they currently are well below market rates, sitting at an average of less than $10 SF NN right now.

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Highlights

  • 100% Leased Value-Add Investment located in Highland, IN
  • Well below market rental rates with an average less than $10 SF NN
  • Strategically located on Kennedy Avenue just south of 80-94
  • Strong mix of Medical and Retail use
  • High historical occupancy rate with long tenured tenants
  • Located 30 miles from downtown Chicago

Attachments

Getting around

  • 67/100

    Walk Score ®

  • 70/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Highland, IN
  • Neighborhood Highland
  • Zip Code 46322
  • Market Chicago

Points of Interest

  • East Chicago

    3.34 miles

  • Dyer

    4.55 miles

  • Hammond

    5.35 miles

  • Gary Metro Center

    6.90 miles

  • Hammond-Whiting

    9.02 miles

  • Pilot

    0.64 miles

  • Speedway

    0.98 miles

  • Citgo

    1.07 miles

  • Family Express

    1.10 miles

  • Exxon

    1.69 miles

  • Exxon

    1.90 miles

  • Marathon

    2.08 miles

  • Citgo

    2.34 miles

  • GoLo

    2.51 miles

  • Shell

    2.52 miles

  • South 173rd Street Parking

    1.25 miles

  • North 173rd Street Parking

    1.33 miles

  • 169th St. Parking Garage

    1.51 miles

  • 169th Street Parking

    1.57 miles

  • Griffith Municipal Parking Lot

    3.33 miles

  • Hammond City Hall Parking

    3.68 miles

  • Village Mall parking

    5.40 miles

  • 84 HSM Parking Lot

    6.22 miles

  • Medical Lot

    7.08 miles

  • Seniority Lot

    7.22 miles

  • Wendy's

    0.35 miles

  • Cracker Barrel

    0.46 miles

  • Maria's Buena Cocina

    0.71 miles

  • The Counter

    0.71 miles

  • Jose's Family Restaurant

    0.71 miles

  • Johnsen's Blue Top Drive-In

    0.92 miles

  • McDonald's

    1.31 miles

  • Dunkin'

    1.57 miles

  • Burger King

    1.57 miles

  • KFC

    1.62 miles

  • Big Lots

    0.56 miles

  • Ultra Foods

    0.66 miles

  • ALDI

    0.82 miles

  • Walmart Supercenter

    1.18 miles

  • Strack & Van Til

    1.69 miles

  • Target

    2.39 miles

  • Food 4 Less

    2.40 miles

  • Burlington

    2.55 miles

  • Jewel-Osco

    2.57 miles

  • Meijer

    2.62 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Brett McDermott

Latitude Commercial

(219) 864-0200